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«OLLI GROUP» - was established in 2008. Interests of "OLLI GROUP" are in innovative sectors with a social orientation.

Industry news

Google fights for quality for EU Navigation & Mapping Apps

Google has selected INRIX’s Real-time Traffic to help power its navigation and mapping applications.

Fast market consolidation for traffic providers

InrixTraffic information supplier INRIX announced a $60 million offer for the acquisition of its competitor, British ITIS Holdings plc. Upon approval by ITIS shareholders, the deal is expected to close in late August 2011, said INRIX. the Seattle company announced earlier this week a fund raising of $37 million to fund “acquisitions“.

Garmin talks to buy Navigon

According to German daily newspaper Financial Times Deutschland, Garmin has entered into exclusive talks to buy German navigation software supplier Navigon. The price is estimated around €50 million, wrote the newpaper according to a source involved with the deal. The sale could happen in June.
 
Navigon is currently owned at 90 percent by private equity firm General Atlantic. The firm took over the company in May 2008, increasing its stake from 25 percent to 90 percent.
 
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